At some point between now and Thursday night, the Seahawks and quarterback Russell Wilson will work out a new contract. Or they won’t. If they don’t, they won’t talk about the situation any further until after the season ends.
Forgotten (or perhaps never noticed) in the hours since the Tom Brady ruling appeared is the notion that the $21 million annual offer to Wilson reflects not the total value of a new deal, but the “new money” average.
Since Tuesday morning, PFT has determined that, indeed, the $21 million offer refers not to total value but includes the $1.5 million Wilson is due to make under the final year of his rookie deal. Which means that, if Seattle has offered $21 million per year over four years in “new money,” the total value is $85.5 million over five years — a total value of $17.1 million per year.
For any deal done after 2015, the “new money” average will match the total value. And Wilson will likely be able to get a lot more than $21 million per year, from the Seahawks or someone else.
Is Wilson being greedy if he tries to get $25 million per year or more? Before answering that question, consider this: He has brought tremendous value to the franchise over the last three years, for total compensation of $2.1 million. So when talking about what he deserves for the future, it’s important to ponder what he deserves for the past.
For now, the question is whether the Seahawks and Wilson can find a middle ground in the present, or at least in the next 24-36 hours, both as to total value and the amount of the deal that is fully guaranteed. If they can’t, and if Wilson sticks to his vow to not talk contract after training camp starts, a new clock will start ticking — and the next countdown could end with a boom.